The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMEREN CORP COM 023608102   736,475 8,525 SH   SOLE   8,525 0 0
AMERICAN HOMES 4 RENT CL A 02665T306   37,221,861 1,183,525 SH   SOLE   841,741 0 341,784
AMERICAN TOWER CORP NEW COM 03027X100   116,755,789 571,380 SH   SOLE   413,840 0 157,540
CONSOLIDATED EDISON INC COM 209115104   214,683 2,244 SH   SOLE   2,244 0 0
CONSTELLATION ENERGY CORP COM 21037T109   200,568 2,555 SH   SOLE   2,555 0 0
CORPORATE OFFICE PPTYS TR SH BEN INT 22002T108   85,393,604 3,601,586 SH   SOLE   2,531,053 0 1,070,533
EDISON INTL COM 281020107   209,017 2,961 SH   SOLE   2,961 0 0
EQUINIX INC COM 29444U700   312,755,426 433,756 SH   SOLE   304,262 0 129,494
EQUITY COMWLTH COM SH BEN INT 294628102   37,111,719 1,791,971 SH   SOLE   1,186,298 0 605,673
EQUITY LIFESTYLE PPTYS INC COM 29472R108   187,038,344 2,786,211 SH   SOLE   1,987,908 0 798,303
EQUITY RESIDENTIAL SH BEN INT 29476L107   465,904,680 7,765,078 SH   SOLE   5,536,147 0 2,228,931
ESSEX PPTY TR INC COM 297178105   144,403,432 690,463 SH   SOLE   478,782 0 211,681
EXELON CORP COM 30161N101   571,254 13,637 SH   SOLE   13,637 0 0
FEDERAL RLTY INVT TR NEW SH BEN INT NEW 313745101   331,733,766 3,356,610 SH   SOLE   2,344,985 0 1,011,625
HEALTHCARE RLTY TR CL A COM 42226K105   85,098,063 4,402,383 SH   SOLE   3,121,592 0 1,280,791
HEALTHPEAK PROPERTIES INC COM 42250P103   268,110,785 12,203,495 SH   SOLE   8,668,449 0 3,535,046
HOST HOTELS & RESORTS INC COM 44107P104   245,506,731 14,888,219 SH   SOLE   10,393,918 0 4,494,301
INVITATION HOMES INC COM 46187W107   583,727,613 18,691,246 SH   SOLE   13,351,307 0 5,339,939
KILROY RLTY CORP COM 49427F108   99,470,592 3,070,080 SH   SOLE   2,142,643 0 927,437
KIMCO RLTY CORP COM 49446R109   352,266,828 18,037,216 SH   SOLE   12,715,166 0 5,322,050
NEXTERA ENERGY INC COM 65339F101   472,886 6,135 SH   SOLE   6,135 0 0
PG&E CORP COM 69331C108   255,680 15,812 SH   SOLE   15,812 0 0
PPL CORP COM 69351T106   463,398 16,675 SH   SOLE   16,675 0 0
PROLOGIS INC. COM 74340W103   771,769,576 6,185,538 SH   SOLE   4,368,141 0 1,817,397
PUBLIC STORAGE COM 74460D109   420,993,718 1,393,373 SH   SOLE   990,244 0 403,129
PUBLIC SVC ENTERPRISE GRP IN COM 744573106   638,239 10,220 SH   SOLE   10,220 0 0
RAYONIER INC COM 754907103   18,216,469 547,699 SH   SOLE   378,040 0 169,659
REALTY INCOME CORP COM 756109104   416,515,984 6,577,953 SH   SOLE   4,709,958 0 1,867,995
REGENCY CTRS CORP COM 758849103   223,798,704 3,658,037 SH   SOLE   2,548,604 0 1,109,433
REXFORD INDL RLTY INC COM 76169C100   186,582,456 3,127,954 SH   SOLE   2,214,809 0 913,145
TERRENO RLTY CORP COM 88146M101   30,085,318 465,717 SH   SOLE   327,175 0 138,542
UNION PAC CORP COM 907818108   240,707 1,196 SH   SOLE   1,196 0 0
URBAN EDGE PPTYS COM 91704F104   47,692,144 3,166,809 SH   SOLE   2,213,519 0 953,290
VENTAS INC COM 92276F100   48,241,007 1,112,826 SH   SOLE   794,639 0 318,187
WELLTOWER INC COM 95040Q104   337,601,544 4,709,186 SH   SOLE   3,331,460 0 1,377,726
WP CAREY INC COM 92936U109   31,769,913 410,199 SH   SOLE   272,440 0 137,759
XCEL ENERGY INC COM 98389B100   287,294 4,260 SH   SOLE   4,260 0 0